You are selling books. The production cost for each book is $5.65 and you want to earn a profit margin of 70%. The government imposes a sale tax of 0.5% on each book you produce but you cab transfer the burden of this tas to consumers. 1. What is the selling price of each book if you do not want to pay the sales tax? 2. What is the total profit if you sell 40 books?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
You are selling books. The production cost for each book is $5.65 and you want to earn a profit margin of 70%. The government imposes a sale tax of 0.5% on each book you produce but you cab transfer the burden of this tas to consumers.
1. What is the selling price of each book if you do not want to pay the sales tax?
2. What is the total profit if you sell 40 books?
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